Don’t sell, lease shops, Zuba market mgt warns allottees

The management of Zuba main market in Gwagwalada Area Council of the Federal Capital Territory (FCT), has called on the occupants/tenants not to sell or lease the shops legally allocated to them. Chairman of the market management committee, Agu Okechukwu Samuel, who disclosed this to journalists after inspection, said it was wrong for the allottees […]

The management of Zuba main market in Gwagwalada Area Council of the Federal Capital Territory (FCT), has called on the occupants/tenants not to sell or lease the shops legally allocated to them.

Chairman of the market management committee, Agu Okechukwu Samuel, who disclosed this to journalists after inspection, said it was wrong for the allottees to breach the agreement on the allocation letter issued to them by Gwagwalada Area Council.

He regretted that most of the traders either sold or lease their shops out which did not speak well of the council’s initiative to make business life more meaningful to them.

Okechukwu said the situation had contravened the terms and conditions of the agreement which says under no circumstances shall the shop be sold or  lease out or mortgage to any other person or a body.

According to him, if Gwagwalada Area Council discovers a shop being sold, or lease out or mortgage both parties will forfeit the shop.

He said since his assumption after the signing of the Memorandum of Understanding with the Gwagwalada Area Council under the public private partnership arrangements, they had  hit the ground running and Zuba main market has come back to life.

The chairman disclosed that checks in the market showed that over 200 shops were discovered to be sold out by their tenant and still counting.

He advised those affected but still interested to come forward for renegotiation.